On 19th March 2023, governments approved a significant new report on climate change from the United Nations, which had been delayed due to a dispute between wealthy and developing countries over emissions targets and financial aid for vulnerable nations. The report, authored by hundreds of the world’s top scientists, was expected to be approved on […]
Governments Approve Delayed UN Report on Climate Change Read More »
Throughout its 43.6 million square feet (MSF) pan-Indian portfolio, Embassy Office Parks REIT (real estate investment trust) has committed Rs 300 crore to environmental, social, and corporate governance (ESG) programs. At a premier “ESG Occupier Connect” event on March 10, the business also officially launched the first phase of its 20 MW solar rooftop project,
Embassy REIT pledges $300 million to Sustainability and renewable energy Read More »
The Electricity Act of 2003 was amended to impose the renewable purchase obligation of 40% for the new coal or lignite-based thermal plants. The Ministry of Power has mandated that new coal or lignite-based thermal plants either install renewable energy capacity equivalent to at least 40% of the thermal plant’s capacity or procure that much
A push for thermal plants going green Read More »
The Lakadia-Vadodara Transmission Project Ltd. (LVTPL) is a new green energy corridor project commissioned by Sterlite Power, a private sector provider of power transmission infrastructure. The project intends to deliver more than 5 GW of energy from Gujarat’s renewable-rich Bhuj and Kutch regions to the national grid, hastening India’s economic transition to a greener one.
Sterlite Power launches a 5 GW green energy corridor project in India Read More »
RE100 is the global corporate renewable energy initiative bringing together hundreds of large and ambitious businesses committed to 100% renewable electricity. According to their recent report on renewable energy in India, Renewable Energy Certificates (RECs) have emerged as a promising solution to achieve 100% renewable energy. The report indicates that using RECs by commercial and
A Promising Tool for Achieving 100% Renewable Energy in India Read More »
The billionaire businessmen Mukesh Ambani and Gautam Adani have announced plans to build a combined 25 gigawatts of renewable energy in Andhra Pradesh as the fossil fuel-driven organizations press ahead with their green energy objectives. At an investors’ gathering last week, Mukesh Ambani said that Reliance Industries would construct 10 gigawatts of solar electricity in
Pramod Sawant, the chief minister of Goa, spoke at the “CII Goa Symposium on Clean Renewable Energy ” last week and stated that the state had set an ambitious aim of using 100% renewable energy in all sectors by 2050. Over 15,000 jobs are anticipated to be created due to the initiative, 500 of which
Goa aims for 100% renewable energy by the year 2050 Read More »
The final workshop of the “Women Entrepreneurs in the Green Economy” program, which aims to support aspiring female business leaders in green business launches, was organized by the U.S. Consulate General in Hyderabad last week. “Promoting women entrepreneurs and helping advance the green economy are both top priorities for the U.S. Mission here in India,”
Workshop on Advancing Women Entrepreneurs in the Green Economy at US Embassy Read More »
A Singapore-based money manager hopes to raise $125 million to give communities in India and Africa energy-efficient stoves while also making money for investors by selling carbon credits. Impact Capital Asset Management of Singapore will oversee the Improved Cook Stoves Carbon Fund on behalf of EKI Energy Services Ltd. According to ICAM Chief Investment Officer
$125 million is sought by Singapore Fund for stoves in Kenya and India Read More »
Asian Development Bank (ADB) has committed up to $25 billion over the next five years to support India’s PM Gati Shakti initiative, including funding for social development, climate action, and infrastructural development. During their discussion, ADB president Masatsugu Asakawa informed PM Narendra Modi that ADB intended to provide $20–25 billion in resources over five years
ADB commits $25 billion for India’s infrastructure, social, and environmental needs Read More »